Smart Helmet Market To Hit Value .2 Billion By 2025 |Grand View Research, Inc.

Posted by Mrudula Anil Karmarkar on April 14th, 2023

The global smart helmet market size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of 18.6% from 2019 to 2025, according to a new study by Grand View Research, Inc. Rising popularity of the product in various applications such as riding, adventure sports, manufacturing, and construction is projected to drive the growth.

These protective headgears provide users with enhanced safety, security, and comfort. The growing adoption of smart wearable technology, stringent workplace safety and road safety regulations laid down by governments, and increasing awareness for personal health and safety are expected to drive the demand for smart helmets over the forecast period.

Smart helmets consist of multiple sensors that perform functions such as heart rate monitoring, temperature monitoring, and air quality monitoring. The sensors collect data in real time to provide users with detailed information regarding various interactions, navigation, and environmental and health attributes.

Satellite aided navigation is one of the most vital features offered by smart helmets. It enables highly accurate navigation capability by using multiple satellite networks such as Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo Positioning System, BeiDou Navigation Satellite System, and Indian Regional Navigation Satellite System (IRNSS).

Smart helmets are further capable of providing a wide range of other communication, utility, and safety features using built-in speakers, microphones, rear-facing cameras, cooling fans, solar chargers, and health monitoring sensors. Manufacturers are using materials that are light in weight and high in strength, such as fiberglass reinforced plastic and carbon fiber, for weight reduction and enhanced survivability.

Increasing adoption of next-generation technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) is anticipated to drive the development and adoption of smart helmets. Factors such as emerging road safety regulations, development of wireless communication infrastructure, large-scale production of motorcycles, and increasing disposable income are expected to drive the growth of smart helmets industry in emerging countries such as India, Brazil, and China.

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These helmets are rapidly gaining popularity among bicyclists and motorcyclists for enhanced security, safety, and comfort. They are also being widely used in various sporting events as well as for military and firefighting purposes. Factors such as stringent road safety regulations laid down by governments, growing adoption of advanced wearable technology, and awareness regarding personal safety are expected to drive the demand.

Increased focus on reducing the use of mobile phones while riding has created a major opportunity for the development and commercialization of innovative, feature-rich, and advanced smart helmets. Growing product adoption by bike riders coupled with increasing sales of motorbikes is anticipated to create significant growth opportunities for the market in near future.

Smart Helmets Market Report Highlights

• Navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of smart helmets by bike riders for in-country and cross-country navigation
• Full face segment is expected to expand at the highest CAGR of 18.8% over the forecast period. Increased adoption of full face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the growth
• Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects
• Consumer end use segment is expected to gain traction over the forecast period owing to increasing adoption of smart helmets in developed regions such as North America and Europe. Due to increased road traffic, 2-wheelers are now being favored as the preferred mode of commute, which is expected to act as a major growth driver
• Key players operating in the smart helmets market include Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; and Jager HelmX Smart Helmets

Key market players are also actively focusing on product innovations and improvement strategies. For instance, companies are using impact detection sensors with carbon fiber and re-enforced fiberglass for weight reduction, enhanced connectivity, and real-time transfer of information.

The integration of video recording cameras and advanced sensors, such as optical heart-rate sensors and accelerometers, has enabled users to effectively monitor their vital statistics and surroundings. However, the high price of smart helmets, high investments in product research and development, concerns regarding vision distraction, and lack of awareness regarding the benefits and safety features are some of the major factors that may hinder the growth of the smart helmet market over the forecast period. To overcome these challenges, manufacturers are focusing on raising awareness about the functionalities of smart helmets through various forms of digital media.

Grand View Research has segmented the global smart helmets market based on type, component, end use:

Smart Helmet Type Outlook (Revenue, USD Million, 2017 - 2025)

• Full Face
• Half Face
• Hard Hat

Smart Helmet Component Outlook (Revenue, USD Million, 2017 - 2025)

• Communication
• Navigation
• Camera
• Others

Smart Helmet End Use Outlook (Revenue, USD Million, 2017 - 2025)

• Consumer
• Manufacturing
• Construction
• Others